Elon Musk Isn’t Worried About Anthropic Walking Away From SpaceX’s $120 Billion AI Deal: ‘The Opposite Is Going To Happen’
Elon Musk dismissed concerns about a potential artificial intelligence computing glut as Anthropic PBC faces scrutiny over nearly $895 billion in infrastructure spending commitments, signaling confidence that demand will remain strong despite fears of slowing growth.
Anthropic’s Massive Spending Commitments Raise Questions
"We would be happy to take the compute back. No problem. But I think the opposite is going to happen," Musk wrote in an X post on Wednesday, responding to speculation about Anthropic’s long-term computing requirements and its agreement with Space Exploration Technologies Corp. (NASDAQ:SPCX).
Anthropic’s IPO filing on November 2 disclosed approximately $895.4 billion in commitments, primarily for computing infrastructure, with $447.5 billion expected before 2031 and $69.8 billion due within 12 months of September 30.
Reuters reported November 2 that Anthropic’s third-quarter revenue increased 47% sequentially to $16.96 billion, slowing from 144% growth in the preceding quarter. The figures highlight concerns previously raised by investor Michael Burry about the company’s mounting computing obligations.
Musk Signals Confidence In SpaceX Compute Demand
Anthropic’s filing also disclosed agreements worth up to $120.5 billion with SpaceX’s AI subsidiary through 2029. Either company can terminate the arrangements with 90 days’ notice after initial non-cancelable periods expire in early 2027.
SpaceX’s May agreement to supply Anthropic with computing capacity included provisions allowing either company to terminate the arrangement with 90 days’ notice. Reuters reported on May 28 that Musk described an initial 180-day lease, explaining that SpaceX sought flexibility to reclaim computing capacity if its own demand surged.
His latest remarks followed speculation that Anthropic might not extend its agreement. However, neither company has confirmed plans to terminate the contracts.
AI Infrastructure Spending Faces Growing Scrutiny
Reuters reported November 9 that banks and investors were increasingly scrutinizing AI infrastructure financing, particularly customer cancellation rights and the risks of weaker demand.
Meanwhile, investor Chamath Palihapitiya recently argued that slower data-center construction could strengthen SpaceX’s pricing power as computing capacity becomes scarcer.
Anthropic’s filing nevertheless warned that long-term commitments could leave it paying for underutilized infrastructure if demand fails to meet expectations.
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